5 Best Stocks That Pay Monthly Dividends

In this article, we discuss 5 best stocks that pay monthly dividends. If you want to read our detailed analysis of dividend stocks and their historical performance, go directly to read  10 Best Stocks That Pay Monthly Dividends.

5. EPR Properties (NYSE:EPR)

Number of Hedge Fund Holders: 19

EPR Properties (NYSE:EPR) is a Missouri-based real estate investment trust company that specializes in investing in and owning properties in various entertainment, recreation, and education sectors. The company offers a monthly dividend of $0.275 per share and has a dividend yield of 8.02%, as of October 19. It has been making regular dividend payments to shareholders since 1997, which makes it one of the best dividend stocks on our list.

The number of hedge funds in Insider Monkey’s database owning stakes in EPR Properties (NYSE:EPR) stood at 19 in Q2 2023, which remained unchanged from the previous quarter. The collective value of stakes owned by these hedge funds is over $208 million.

4. SL Green Realty Corp. (NYSE:SLG)

Number of Hedge Fund Holders: 22

SL Green Realty Corp. (NYSE:SLG) primarily focuses on the acquisition, ownership, management, and development of commercial real estate properties, particularly in the New York City metropolitan area. The REIT offers a monthly dividend of $0.2708 per share for a dividend yield of 10.18%, as recorded on October 19. It is one of the best dividend stocks on our list as the company has been paying regular dividends to shareholders for the past 25 years.

With a total stake value of roughly $154 million, 22 hedge funds in Insider Monkey’s database owned positions in SL Green Realty Corp. (NYSE:SLG) at the end of Q2 2023. In the previous quarter, 21 hedge funds held stakes in the company.

3. STAG Industrial, Inc. (NYSE:STAG)

Number of Hedge Fund Holders: 23

STAG Industrial, Inc. (NYSE:STAG) is an American real estate investment trust company that invests in industrial properties throughout the country. It is one of the best dividend stocks on our list as the company has been growing its dividends for 11 consecutive years. The company pays a monthly dividend of $0.1225 per share and offers a dividend yield of 4.47%, as of October 19.

The number of hedge funds tracked by Insider Monkey owning stakes in STAG Industrial, Inc. (NYSE:STAG) jumped to 23 in Q2 2023, from 15 in the previous quarter. These stakes are worth over $137.8 million in total.

2. Realty Income Corporation (NYSE:O)

Number of Hedge Fund Holders: 24

Realty Income Corporation (NYSE:O) is next on our list of the best dividend stocks that pay monthly dividends to shareholders. The REIT is a dividend aristocrat with 29 consecutive years of dividend growth under its belt. It currently pays a monthly dividend of $0.256 per share and has a dividend yield of 6.22%, as of October 19.

At the end of Q2 2023, 24 hedge funds in Insider Monkey’s database, growing from 22 in the previous quarter, owned stakes in Realty Income Corporation (NYSE:O). Their collective stake value is over $243.6 million.

1. Agree Realty Corporation (NYSE:ADC)

Number of Hedge Fund Holders: 29

Agree Realty Corporation (NYSE:ADC) specializes in owning, acquiring, and developing retail and commercial properties, primarily in the US. The company has a 13-year run of consistently growing its dividends, which makes it one of the best dividend stocks with monthly payouts. It pays a per-share dividend of $0.247 every month, having raised it by 3% on October 12. The stock’s dividend yield on October 19 came in at 5.40%.

Out of 910 hedge funds tracked by Insider Monkey, 29 elite funds had stakes in Agree Realty Corporation (NYSE:ADC) at the end of Q2 2023, up from 22 in the previous quarter. These stakes are worth $418.7 million in total.

You can also have a look at 13 Best Mid-Cap Value Stocks to Buy Now and 13 Best Video Surveillance and Private Security Stocks to Buy

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